Rio Sticks to Bullish China Steel Outlook After BHP Cuts

Rio Tinto will move early next year into its new Montreal headquarters - with the Alcan name missing from the building.

After “rigorous analysis,” #RioTinto, the world’s second-biggest miner,reaffirmed Chinese crude-steel output will reach about 1 billion metric tons by 2030. #BHP now forecasts production to peak in the mid-2020s at between 935 million tons and 985 million tons, down from as much as 1.1 billion tons.

Read more at: http://www.bloomberg.com/news/articles/2015-09-03/rio-keeps-1-billion-ton-china-steel-output-after-bhp-cuts-view

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